financial advice

Many tax agent and accounting industry representative bodies, including Tax & Super Australia (TSA), have been pushing for the re-instatement of the accountants’ exemption (see TSA’s submission to the Royal Commission here). But it seems that any discussion on the matter, let alone reaching any decision, is not going to occur any time soon.

It has now been just over two years since the accountants’ exemption was lifted and empirical evidence suggests that accountants are having to deal with increased costs and an onerous compliance regime with the cost hikes are being passed on to their clients. The accountants’ exemption allowed the provision of limited advice by recognised

The Financial Adviser Standards and Ethics Authority (FASEA) is responsible for setting the educational standards that practitioners in fields relating to financial advice are required to meet. Are you offering financial advice to clients? The standards also apply to accountants who provide advice, whether as an employee or authorised representative of a full or limited

If you are a financial planner or adviser providing tax advice or advice on tax consequences as part of your financial advise to clients for a fee or reward, you must be registered with the Tax Practitioners Board (TPB) as a tax (financial) adviser in order to provide this service legally. It is a breach of the